Japanese clothing brand Uniqlo to be available in Russian regions

June 22 2015

TASS

Fast Retailing Co. Ltd is eager to expand its operations to smaller cities across Russia.

Uniqlo fashion show. Source: Reuters

Japan’s Fast Retailing Co. Ltd intends to open clothes stores in
Russian regions under the Uniqlo brand. The announcement was made by the
company's Vice President Noriaki Koyami during the St. Petersburg International
Economic Forum's ‘Russia-Japan: Prospects for Business Cooperation’ roundtable.

For now the brand is represented only in Moscow, he said.

“Currently, there are seven stores operating in Moscow under the
Uniqlo brand and we plan on opening our stores in other Russian cities,” said
the company's top manager. Koyama remarked that to develop the business the
company is betting on Russian personnel, including managers.

At the same time, to improve the business climate in the country
the government must facilitate customs procedures and improve the logistics
network, Koyama underlined. “We will be very active in Russia in the future,”
he summed up.

Fast Retailing Co. Ltd opened its first store in 1984 in
Hiroshima, Koyama said. The first Moscow store was opened in 2010 at Moscow's
Atrium.